Post Office Scheme – Amazing scheme of Post Office, save only ₹ 5000 every month… then you will collect 8 lakh rupees – Post Office best plan invest 5000 rupee monthly in Recurring Deposit RD and become lakhpati know how tutc

Everyone saves some part of their earnings and wants to invest it in such a place where apart from keeping their money safe, they also get strong returns. In this respect, Post Office Small Saving Schemes are very popular. These also include Post Office Recurring Deposit i.e. Post Office RD, in which you can earn a huge amount of Rs 8 lakh by investing just Rs 5000 every month. The special thing is that loan against investment is also easily available in this scheme.

This much interest is available on the scheme
Last year itself, in 2023, the government had given a gift to investors by increasing the interest rates on Post Office Recurring Deposit Scheme. These new rates are applicable in the October-December 2023 quarter. Talking about the interest rate on investment in this scheme, the interest rate of 6.7 percent is available. It is noteworthy that the interest rates of Post Office Small Savings Schemes are revised by the government every three months, the last revision in this scheme was on 29 September 2023.

This way we will raise a fund of Rs 8 lakh
It is very easy to calculate investment and interest in Post Office RD and if we talk about how you can raise a fund of Rs 8 lakh under this scheme by saving just Rs 5000 per month, then let us tell you that you can calculate the recurring interest of Post Office RD. If you invest Rs 5,000 every month in the deposit scheme, then you will deposit a total of Rs 3 lakh in its maturity period i.e. five years and an interest rate of 6.7 percent on it. This rate will add Rs 56,830 to the interest rate. That means your total fund in five years will be Rs 3,56,830.

Now you do not have to stop here, rather you can extend your RD account for another five years. Meaning, if you extend it for the next five years, then the amount deposited by you in 10 years will be Rs 6,00,000. With this, the interest amount on this deposit at the rate of 6.7 percent will be Rs 2,54,272. If seen accordingly, then your total fund deposited in a period of 10 years will be Rs 8,54,272.

You can take loan up to 50 percent
You can open an account under Post Office Recurring Deposit Scheme by visiting any nearest Post Office. Investment in this can be started from Rs 100. The maturity period of Post Office RD is five years, but if you want to close the account before the completion of this period, then this facility is also available in this saving scheme. The investor can do pre-mature closure after 3 years. Loan facility is also provided in this. After the account remains active for one year, loan up to 50 percent of the deposited amount can be taken. However, the interest rate on the loan is 2 percent more than the interest rate.